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Are temporary overdrawings permitted in NRO Savings Bank accounts?

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Are temporary overdrawings permitted in NRO Savings Bank accounts?

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Yes. Bank may allow such over drawings up to Rs. 1000/- subject to the condition that the over drawings together with the interest payable thereon are cleared within a period of two weeks.

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Ans. Yes. Authorised dealers may allow such overdrawings up to Rs. 1,000/- subject to the condition that the overdrawings together with the interest payable thereon are cleared within a period of two weeks. Q.

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